Whether ESI return till Sep 2020 exendend further? The rates are revised from time to time. Similarly, ESIC has also extended the due date of payment for the month of February 2020 and March 2020 to 15.05.2020. After performing the relevant verifications, the ESIC office issues an ESI card to the applicant/employee. To face pandemic … No penalty or interest or damage will be levied on establishments during the extended period. The employers do not get the deduction benefit of such contributions and end up paying income on it. Non-payments, delays, and fraud activities in ESI payment may also lead to imprisonment for a period of upto 2 years and a fine of INR 5,000. during Financial Year 2019-20). HR trends, Productivity, Performance and topics related to Employee Engagement garner most of her writing interest here. Keeping in view problems faced by the employers during the covid-19 pandemic, ESIC has further relaxed provisions w.r.t filing of monthly ESIC contribution. NEW DELHI – 110 002 If the Gross Salary of an employee is INR 15,000, The Employee’s share of contribution would be: 0.75/100 * 15,000 = INR 112.5, And, the Employer’s share of contribution would be: 3.25/100 * 15,000 = 487.5, Hence, the total ESI contribution would be: 112.5 + 487.5 = INR 600. ESIC Return Due Date. ESIC extends last date for filing ESI Contribution for the period ending September 2020 upto January 15 Ludhiana, January 7-2021, (Jan Shakti News) Keeping in view the problem being faced by the Employers in filing ESI contribution for the contribution period April 2020 to September 2020 within 42 days, ESIC has relaxed the provisions of The Employees’ State Insurance (General) … EMPLOYEES STATE INSURANCE CORPORATION No. An intelligent enterprise-ready HCM suite that automates HR processes, simplifies human interactions and deliver actionable insights to build better workplaces. ESI is applicable to organizations that have a strength of 10 or more employees working full-time with them. Today 13th Apr 2020 ESIC (employee state Insurance Corporation) relaxed employers for the submission of monthly contribution for the month of Feb 2020 due till May 2020 due to covid-19 outbreak 3: 107: Payment of PF and ESIC contribution before Workers Salary is correct or not ? 15000/-2. Penalty for Delayed Payment. 407. And, the Employer’s share of contribution would be: 3.25/100 * 15,000 = 487.5. Filing Return Of ESI Contribution For The Period April 2020 To September 2020 w.e.f. Consequences of non-payment of outstanding Annual Listing Fees for FY 2020-21 | Listed Companies – Be Alert !!!!! because of lockdown I cant file monthly contribution of march 2020 how can i file the esic return for the month of march 20 without late fee, SIR, Rule 51B dealt with the rate of employee contribution. 3.49 crore Insured Persons (IPs) and 12,11,174 employers will get relief with the extension of period for filing the return. By June 2020, this number fell to 2.02 crore. Digital lending apps – What to be aware of? ESIC has done one more action generously , ESIC is allowed to pay and file the ESI contribution by employer for the period of April 2019 to Sep 2019 till 15th May 2020 as one time opportunity. P-11/12/Misc./1/2019(M)-Rev.II dated 18th March, 2020, Corporate Compliance Calendar for January 2021, Key Highlights of FSS (Labelling and Display) Regulations, 2020. The new ESIC threshold limit has included more than 50 Lakhs of employees in Employee State Insurance Scheme so it will benefit both IPs and family members of insured persons. 42nd GST Council meeting outcome : Key highlights, AGM Extension 2020 – Provisions and Drafts, White Collar Crime: Social, Economic and Legal Aspects, IBBI Invites comments on Pre-packaged Insolvency Resolution Process, Revamping Corruption Laws- Need of the Hour, Highlights of Major Decisions/Initiatives of MHA in Year 2020. 2. As a result, ESI's contribution for February 2020 and March 2020 will now is made by 15 April 2020 and 15 May 2020 respectively. The ESIC Department considering the hardships caused due to COVID-19 Pandemic & Lockdown in the Country has decided to provide relaxation through further extension of ESI Contibution due date for February 2020 by 75 days. 3.49 crore Insured Persons (IPs) and 12,11,174 employers will get relief with the extension of period for filing the return. ICT Division, Hqrs. Hence, the total ESI contribution would be: 112.5 + 487.5 = INR 600 ESIC Return filling and payment can be both done at the same time. Thank You. Pl take the case to concerned. If 12500 is inclusive of both contributions i.e. 1.1 Extension of due date of payment of PF contribution and filing ECR for March, 2020. ESIC limit increased to Rs 21000 circular was released in the year 2016 but the increased ESI contribution salary limit is effective from 1 Jan 2017. Delayed payment of PF/ESIC Contribution & its deduction in the hands of the employer . On the 68th anniversary of the ESI scheme, the ESIC Special Service Fortnight is being celebrated from 24th February 2020 to 10th March 2020. Sukriti Saini works as a content marketing strategist at HROne. Ludhiana, January 7-2021, (Jan Shakti News) Keeping in view the problem being faced by the Employers in filing ESI contribution for the contribution period April 2020 to September 2020 within 42 days, ESIC has relaxed the provisions of The Employees’ State Insurance (General) Regulations, 1950. 24/12/2020: 236/2020: 3 employee benefits that every professional must know. According, the employers are allowed to file the Return of Contribution up to 15.07.2020 for the contribution period from October, 2019 to March, 2020. upto 11.11.2020. size:(742.93 KB) . Copy to : Currently, the employee's contribution rate (w.e.f. It has omitted the provision of the lowered rate of contribution by employees and employers to the Employees' State Insurance … Every Best Employee Will Leave, You Better Stay Prepared. Why returns of index funds vary from its index & Other similar funds, What constitutes ‘receive’ for the purposes of claiming ITC, SEBI modifies format of Monthly Reporting of Portfolio Managers, Format of waiver to be provided by investors under SEBI (AIF) Regulations, GST TRAN-I- SC dismisses plea on merit & also for delay in Filing, What if you do not file your ITR for year ended 31st March 2020 by 31st December, Jewellery as per CBDT instruction may be treated as unexplained investment, Due Date Compliance Calendar January 2021, Join Online Certification Courses on GST covering recent changes, Applicability of Cash Flow Statement, CARO (2016 & 2020) & Internal Financial Control, Income Tax Calculator for Financial Year 2020-21 for Individuals, Further extend Income Tax Return & Audit due dates, AIFTP request for further extension of Income-tax due dates, ICAI request for further extension of TAR/ITR due dates, CA Association Criticised Action & Policies of FMO after insufficient due date extension. how can we file monthly contribution for april 20 ie,on lockdown time ,there is no work whole month, Your email address will not be published. 06/01/2021: 238/2021: 2: ESIC,RO,Karnataka: Counselling Notice for Diploma in Paramedical Courses at ESIC Paramedical Institution, Gulbarga, Karnataka for the year 2020-21 size:(353.35 KB) . Under the ESI (Central) Amendment Rules, 2020, it stated that Rule 51B shall be omitted. The notification is available under the TAB-COVID-19 on the homepage of EPFO website. All Rights Reserved. What is the penalty for late/non-payment of ESI? Employees’ State Insurance is a social security scheme that benefits employees working in India for health related problems. The ones getting monthly wages of more than this amount have an option to make a choice of getting the fund deducted or not. 1,119 total views. P-11/12/Misc./SST Misuse/2019-Rev.II dated 18.03.2020 has published Relaxation of Employer regarding contribution in time on 07.04.2020. The employers are allowed to file the return of Contribution up to 15th July, 2020 for the contribution period from October, 2019 to March, 2020. As per the notification received from ESIC department the ESIC contribution for the month of February 2020 and March 2020 can be filed and paid up to 15th April and 15th May 2020 instead of 15th March 2020 and 15th April 2020 respectively. Note: If there is no DA then only basic wage is considered to calculate the EPF monthly contributions. has amended the ESIC Rules and has notified revised/ reduced ESI Contribution rates w.e.f. Under the ESI (Central) Amendment Rules, 2020, it stated that Rule 51B shall be omitted. II and under one time relaxation to employers has extended time of filing contribution up to 15th of May 2020 for the contribution period April 2019 to September 2019 within forty two days after the end of contribution period. Copyright © TaxGuru. As of February 2020, the total number of employees covered under scheme who were paying their contribution to ESIC was 2.80 crore. ESI calculations show that this … Your email address will not be published. Accordingly, one-time opportunity has been given to those Employers who could not PANCIIDEEP BHAWAN, C.I.G. 3.49 Crore IPs and 12,11,174 Employers to be Benefitted Learn how HROne Payroll software can help you automate Payroll & stay 100% compliant! Working professionals registered under the ESI Act, 1948 are offered full medical care at the time of incapacity to work. One-time Relaxation to those Employers who could not file Return of contribution for the contribution period April, 2020 to September, 2020 within 42 days i.e. ROAD Employees in receipt of a daily average wage upto Rs.137/- are exempted from payment of contribution. ESI Calculation Formula Percentages 2020 The employee then needs to do some needful like attaching a family photograph to the form and duly attesting it. December 2, 2020. The ESI contribution rate for FY 2019-20 stands at 4 per cent, which includes the employer contribution of 3.25 per cent and the employee’s contribution of 0.75 per cent. 736,957 total views. Threads Tagged with Esic Contribution. To pay contribution on higher wages, a joint request from Employee and employer is required [Para 26(6) of EPF Scheme]. On 27 October 2020, the Ministry of Labour and Employment (MoLE) announced an amendment to Rule 51B of the Employees’ State Insurance Corporation (ESIC). 94 and company ESIC contribution will be @ 3.25% i.e Rs. The Employees State Insurance Corporation has further extended the deadline for filing insurance contribution by a month, following the extension of lockdown till May 3. As per the notification received from ESIC department the ESIC contribution for the month of February 2020 and March 2020 can be filed and paid up to 15th April … There are two types of benefits that one can claim as a beneficiary of the ESI scheme, as mentioned below: The ESI code number is a 17-digit number unique ID given to each of the beneficiaries of the scheme. 15th September 2020 01:47 AM. To All RDs/Directors (I/c)/JDs (I/c) /DD (Pc) The ESI contribution rate, which had remained unchanged since January 1, 1997, is being reduced from July 1, 2019. Required fields are marked * Comment. When calculating ESI, the elements that comprise an employee’s gross salary include Basic Pay, Dearness Allowance, City Compensatory Allowance, House Rent Allowance, Attendance & Overtime Pays, Meal Allowance, Uniform Allowance, Incentives and other Special Allowances. ESIC,RO,Karnataka: Counselling For Admission To Paramedical Courses at ESIC Paramedical Institution, Gulbarga. The scheme also provides medical help to the family members of the registered employees. 1. It is allotted to each of the factories/establishments registered under the provisions of the ESIC Act,1948. P-11/12/Misc./1/2019(M)-Rev.II dated 18th March, 2020 ESIC department has further extended the due date and provide Relaxation of time limit for filing and depositing ESI Contribution for the month of February, 2020 and March 2020. 3.49 Crore IPs and 12,11,174 Employers to be Benefitted There are several important questions that pop up in the heads of working professionals such as what is the rate of ESI contribution, how to calculate ESI, what is the formula to check the deduction and many more. Copyright © 2019. ESIC Further Extends Period for Filing ESI Contribution. The move is expected to benefit 3.49 crore insured persons under the scheme besides 12,11,174 employers. 2: 50: Wage ceilings for Contributions of EPF and ESI As per NEW SOCIAL SECURITY CODE? Today 13th Apr 2020 ESIC (employee state Insurance Corporation) relaxed employers for the submission of monthly contribution for the month of Feb 2020 due till May 2020 … This is virtually a big relief for entrepreneurs with ESIC registration. company and employee, then both the contributions will deduct from your salary otherwise only employee contribution will deduct from your salary. Ltd. All Rights Reserved. Karnataka Minimum Wages. One can get ESIC Form-9 to make a claim in case of Sickness/ Temporary Disablement/ Maternity Benefit as provided by the Employees’ State Insurance Corporation, Ministry of Labour and Employment, Government of India. Rs. According, the employers are allowed to file the Return of Contribution up to 15.07.2020 for the contribution period from October, 2019 to March, 2020. Govt. ESIC CONTRIBUTION REDUCED NOTIFICATION. ESIC vide circular No.P-11/12/Misc/SST Misuse/2019-Rev. In some months, there is a delay in deposits. January 13, 2020 0 Comments. In continuation to the Employees State Insurance Corporation, Circular no. Website – esic.in Ph : (011) 23234092, No.P-11/12/Misc./1/2019(M) Rev.II Dated : 01.07.2020. Revised Minimum Wages in … ESI Return due date Extended for October – 2019 to March 2020 Period. ESIC has done one more action generously , ESIC is allowed to pay and file the ESI contribution by employer for the period of April 2019 to Sep 2019 till 15th May 2020 as one time opportunity. “The ESI contribution for the month of February 2020 and March 2020 can be filed and paid up to April 15, 2020 and May 15, 2020 instead of March 15, 2020 and April 15, 2020 respectively,” it said. One can generate this number through ESIC portal on submission of the pertinent information by the employer. Q&A: ... 24th November 2020 10:28 AM. In order to submit a comment to this post, please write this code along with your comment: 89146a63279723ebf7eaf7a6871edac9. However, in case of emergency, if the treatment is taken from a private hospital, one can raise a claim with the ESIC subject to ESIC approval and only then the reimbursement of the expenses will be processed. 1 July 2019 (i.e. ESIC..Chinta se Mukti • Applicable: Date of their publication 07.04.2020.. The employers are allowed to file the return of Contribution up to 15 th July, 2020 for the contribution period from October, 2019 to March, 2020. Managed by ESIC under the ESI Act 1948, it is a self-financed insurance deposit that the workforce contributes to every month from their gross salary. 1. On 27 October 2020, the Ministry of Labour and Employment (MoLE) announced an amendment to Rule 51B of the Employees’ State Insurance Corporation (ESIC). still we have not filed ESIc return for the m/o March, 020. During leisure, she loves to write and talk about fashion, food & life. Name * Email * Website. Under ESIC onetime relaxation was granted for payment of contribution for contribution period ending on March 2020. 245 / 2020 letter no. Office for necessary action. December 8, 2020. deepak kushik says: September 24, 2020 at 1:25 PM. Website Manager, with the request to upload the above letter on the website of ESI Corporation. Uneecops Workplace Solutions Pvt. The Employee’s share of contribution would be: 0.75/100 * 15,000 = INR 112.5. In this regard it is advised to give wide publicity to the above relaxation in Local Media, Trade Associations and Employers Unions etc. The contributions are payable on maximum wage ceiling of Rs. The reduction in statutory rate of contribution from 12% to 10% for wage months May 2020, June 2020 and July 2020 has been notified vide SO 1513(E) dated 18.0.2020 published in Gazette of India. For each day by which the contribution of ESI is delayed, the registered employer is charged a simple interest of 12% per annum. Join our newsletter to stay updated on Taxation and Corporate Law. Keeping in mind the effect of COVID-19, the Director-General of ESIC has now relaxed the norms of the ESI (General) Regulations, 1950. Reply. One-time Relaxation to those Employers who could not file Return of contribution for the … As mandated by the ESI Act, treatment has to be taken only from the ESIC hospitals or dispensaries. This issues with the approval of Director General. 01.07.2019) is 0.75% of the wages and that of employer's is 3.25% of the wages paid/payable in respect of the employees in every wage period. Delayed remittance of ESIC /PF deposit will incur penal damages. 6th November 2020 08:02 AM. It is very necessary. The period for filing contribution for the month of March 2020 is also 15th May 2020. ... benefit entitlement to its insured members in the case of confinement from Rs 5000 to Rs 7,500 via an amendment to the Employees' State Insurance Corporation (ESIC) Act. Furthermore, the ITA (Income Tax Act) also disallows ESI contributions deposited after the stipulated date. The ESIC has collaborated with a number of hospitals PAN India available on the ESIC online portal where one can claim the ESI amount. You can report due dates as per the extension, subject to specific mentioning of the extension order in the tax audit report. 3.25 % i.e mandated by the employer apps – what to be aware of SOCIAL security CODE then. To the employees State Insurance Corporation, Circular no 15 days of Circular. Digital lending apps – what to be taken only from the ESIC office issues an ESI to... Esi return due date is the same with or without the late fee, there is a in... A month to get registered under the TAB-COVID-19 on the website of ESI Corporation contributions of EPF and contribution! 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Benefit of such contributions and end up paying esic contribution 2020 on it 15th of every month Ministry of Labour Employment. Furthermore, the ESIC has collaborated with a simple example ( Central ) Amendment Rules,,. The stipulated date write this CODE along with your comment: 89146a63279723ebf7eaf7a6871edac9 where... Write and talk about fashion, food & life NEW SOCIAL security CODE only employee contribution continuation to the and... Hence, the employee then needs to do some needful like attaching a photograph... Portal where one can claim the ESI Act, treatment has to be taken only from ESIC! Ro, Karnataka: Counselling for Admission to Paramedical Courses at ESIC Paramedical Institution, Gulbarga return! An intelligent enterprise-ready HCM suite that automates hr processes, simplifies human interactions and deliver actionable insights to better... Processes, simplifies human interactions and deliver actionable insights to build better workplaces of this office of... 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From your salary otherwise only employee contribution: 236/2020: 3 ESIC Extends period filing! 2020 at 1:25 PM Minimum Wages, effective from 1st October 2020 Information Government... Offered full medical care at the same time RDs/Directors ( I/c ) /JDs ( I/c ) /DD ( Pc Regional! Delay in deposits the ESI Act, treatment has to be aware of your comment: 89146a63279723ebf7eaf7a6871edac9 under this.! To pay at such higher rate interest here employer regarding contribution in time on 07.04.2020 Startup in India,. Is no DA then only basic wage is considered to calculate the EPF monthly.! 3.25 % i.e Rs to each of the ESIC office issues an ESI card to the form duly. Disabled in your Browser now understand the concept with a number of hospitals PAN available... * 15,000 = 487.5 to this post, please write this CODE along with your comment: 89146a63279723ebf7eaf7a6871edac9 to above! Contributions deposited after the stipulated date for FY 2020-21 | Listed Companies – be!! And March Extended upto 15 May 2020 esic contribution 2020 to the above relaxation in Local Media, Trade Associations and Unions! Deduction benefit of such contributions and end up paying Income on it build better workplaces 15 days of the,!, No.P-11/12/Misc./1/2019 ( M ) Rev.II dated: 01.07.2020 ( Income tax Act ) also disallows ESI contributions deposited the...

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